Zacks Investment Research downgraded shares of Agricultural Bank of China (NASDAQ:ACGBY) from a buy rating to a hold rating in a report released on Wednesday, May 24th.
According to Zacks, “Agricultural Bank of China Limited provides various corporate and retail banking products and services for a broad range of customers and carry out treasury operations. The Banks services include RMB and foreign currency deposit, loan, international and domestic settlement, bill discount, currency trading, bank guarantee, and treasury bill underwriting. It also offers agro-related personal and corporate banking services, and electronic banking services consisting of Internet, telephone, mobile, and self-service banking services, as well as e-commerce systems. Agricultural Bank of China Limited is based in Beijing, China. “
Shares of Agricultural Bank of China (ACGBY) traded up 0.35% on Wednesday, hitting $11.46. 2,062 shares of the stock were exchanged. The company has a market cap of $159.61 billion and a PE ratio of 5.73. The company has a 50-day moving average price of $11.65 and a 200 day moving average price of $11.10. Agricultural Bank of China has a 12 month low of $8.56 and a 12 month high of $12.12.
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